The Community State Bank SBA Loan to Food Product Machinery Manufacturing Company

The Community State Bank has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Poteau, Oklahoma, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was The Community State Bank, based in Poteau, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: FOOD PRODUCT MACHINERY MANUFACTURING
POTEAU, OK 74953

SBA Loan Lender

THE COMMUNITY STATE BANK
1409 N BROADWAY
POTEAU, OK 74953

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333294 - Food Product Machinery Manufacturing

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$284,000

Loan Approval from the SBA

Of the total $284,000 loan amount, the SBA guaranteed $213,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $284,000. How would you spend $284,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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